The executive of TRM Labs compares the enthusiasm for cryptocurrencies under the government of #TRUMP with the exaggeration of the "space race"
Ari Redbord, head of legal and governmental affairs at TRM Labs, said that a Strategic Reserve of #bitcoin could boost the value of #BTC☀ and trigger a global trend.
The enthusiasm surrounding cryptocurrencies in the United States under the elected president #DonaldTrump is similar to a space race, according to Ari Redbord, head of legal and governmental affairs at TRM Labs.
During an interview with CNBC's Squawk Box, Redbord mentioned that “people are politics” and highlighted Trump’s pro-cryptocurrency nominations for his cabinet so far, such as Paul Atkins as the new chairman of the U.S. Securities and Exchange Commission (SEC) and David Sacks as the “crypto czar.”
“There is enthusiasm, and I think a kind of rhythm, almost a space race in which the United States is now in a position to keep up with the rest of the world, or even surpass it.”
Redbord refrained from sharing specific price targets for Bitcoin but said he believes it will rise “significantly more,” driven by a strategic Bitcoin reserve in the U.S.
It is noteworthy that he assessed that the idea of such a reserve in the United States could trigger a broader movement:
“When countries around the world analyze elections, they look at some of the campaign promises, and now they are looking at what the Trump administration is already doing, I think we are starting to see more countries, and even states [in the United States].